GREY:CXSNF - Post by User
Post by
Scotch12on Apr 03, 2015 9:49am
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Post# 23594742
Chart etc
Chart etc
I agreee great looking chart.
I think the stock went down after earnings in part because some people are shorting Canadian mortgage companies. I hear a lot of US hedge funds are shorting HCG. They don't understand that Canadian mortgages are a lot stronger and more secure than US ones. A lot of US mortgage companies went bankrupt when their market crashed in 2008. That is unlikely to happen up here but that we are late in the current Canadian housing cycle hangs over the financail sector. How else to you explain that a company like CXS that grew profits by 50% this year, likely will soon get a bank lincece but is selling at 7 times this years earnings?